Algae Biomass Organization Executive Director Matt Carr offered some insights into industry trends at the European Algae Biomass Association Conference 2014 in Florence, Italy
Next Generation Technology Swine Waste-to-Energy Project
Matt Carr at Europan Algae Biomass Association Conference Dec2014
1. The Evolving Algae Policy
Landscape in the United States
Will Federal Policy Drive a New Wave of Algae
Commercialization in the U.S. or Drive it Away?
Ma#
Carr,
Execu-ve
Director
mcarr@algaebiomass.org
4. U.S. Algae Industry Trends
Ø Technology Maturation / Demonstration
• R&D, pilot and demonstration facilities throughout the U.S.
Algae
Biomass
Organiza-on
|
www.algaebiomass.org
5. U.S. Algae Industry Trends
Ø Technology Maturation / Demonstration
• DOE-funded integrated algae biorefinery demonstration
projects in Florida and New Mexico
Ø Sapphire Energy
Green Crude Farm
Las Cruces, NM
Algenol Biofuels
Integrated Biorefinery
Lee County, FL►►
Algae
Biomass
Organiza-on
|
www.algaebiomass.org
6. U.S. Algae Industry Trends
Ø Technology Maturation / Demonstration
• Offtake contracts with major refiners
Algae
Biomass
Organiza-on
|
www.algaebiomass.org
7. U.S. Algae Industry Trends
Ø Product Diversification
Ø Bioplastics
• Algix manufacturing plant
opens in Mississippi
Ø Biofertilizers
• Accelergy validating
Terrasync terrestrial
sequestration platform
Ø Human and Animal Nutrition
• Synthetic Genomics deal with
ADM to produce omega-3s
Algae
Biomass
Organiza-on
|
www.algaebiomass.org
8. U.S. Algae Industry Trends
Ø Strategic Partnerships / Globalization
Ø Sapphire / Sinopec
• Validate and deploy
in China
Ø Heliae / Sincere Corp
• Build first commercial
facility in Japan
Ø Solazyme / Bunge
• Manufacturing plant
online in Brazil
Algae
Biomass
Organiza-on
|
www.algaebiomass.org
9. U.S. Algae Industry Trends
Ø Renewed Focus on CO2 Utilization /
Monetization
Algae
Biomass
Organiza-on
|
www.algaebiomass.org
10. Growth Built on
Supportive Federal Policy
Ø U.S. Department of Energy Funding
• $100 million for 3 integrated algae biorefinery
projects in 2009
• $30 million / year in R&D funding since 2010
• 2010-11 - Algal biofuels consortia
• 2012 - Advancements in Sustainable Algal Production
• 2013 - Advancements in Algal Biomass Yield
• 2014 - Targeted Algal Biofuels and Bioproducts
Algae
Biomass
Organiza-on
|
www.algaebiomass.org
11. Growth Built on
Supportive Federal Policy
Ø Renewable Fuel Standard
• Biodiesel / renewable diesel from algae
qualifies as advanced biofuel
• Up to 21 billion gallons new production
mandated by 2022
Ø Tax Code
• Second Generation Biofuel tax credits
• Algae added in 2013
• $1.01 / gallon production tax credit
• 50% bonus depreciation for plant property
Algae
Biomass
Organiza-on
|
www.algaebiomass.org
12. Proposed Power Plant CO2 Regulations
Could be Major Driver
Ø “Clean Power Plan” Proposed Rules for
New and Existing Power Plants
• Require installation of “Best System of Emission
Reduction” for CO2
• Take effect in 2015
• Could drive major investment in carbon capture
Algae
Biomass
Organiza-on
|
www.algaebiomass.org
13. But Key Policy Decisions
Hang in the Balance
Ø Need Explicit Recognition of Carbon
Capture and Utilization in Clean Power Plan
• For new coal plants:
o Proposal prescribes carbon capture and
underground storage/sequestration (CCS)
• For existing plants:
o Affirms CCS as compliance option
o Silent on CCU
Algae
Biomass
Organiza-on
|
www.algaebiomass.org
14. But Key Policy Decisions
Hang in the Balance
Ø Renewable Fuel Standard
• Proposed rule would cut advanced biofuel volumes
o EPA announced final rule will not be issues until 2015
o Legal challenges to follow
• More than 30 fuel pathways still awaiting approval
Ø Tax Code
• 2nd Gen tax credits expired Dec 31, 2013
o Still awaiting “tax extenders” package
o Obama has threatened to veto
Algae
Biomass
Organiza-on
|
www.algaebiomass.org
15. ABO Policy Priorities
Ø Support for CO2 Utilization
• In EPA 111(b)/111(d) Clean Power Plan
• DOE Funding
Ø Strong, stable advanced biofuels policy
• RFS
• Tax Code
Ø Algae as agriculture
• Biomass Crop Assistance Program
• Crop Insurance
Algae
Biomass
Organiza-on
|
www.algaebiomass.org
16. We The People … Embrace CO2
Ø ABO “We the People” Petition
• Asked the White House to include CCU
in EPA Clean Power Plan
• 348 signatures
• 45 states
• 215 cities
Algae
Biomass
Organiza-on
|
www.algaebiomass.org
17. Join
Us
–
RecycleCarbon.org
Algae
Biomass
Organiza-on
|
www.algaebiomass.org
18. 2015 Algae Biomass Summit
Washington, DC
September 30 – October 2, 2015
Algae
Biomass
Organiza-on
|
www.algaebiomass.org